#ETH #新币挖矿

Two years ago, on May 15, 2022, the LUNA cryptocurrency under the Terra project suffered an unprecedented crash. This sudden market crash caused the value of LUNA to be almost completely wiped out, with a loss rate of an astonishing 99.999%. In just one week, its price plummeted from an eye-catching $100 to less than $0.002, and countless investors suffered huge losses of more than $7 billion in assets.

This crash was not without traces. The fuse behind it was that the algorithmic stablecoin UST launched by Terra could not maintain its promised value. When UST depreciated sharply in the market and lost more than 40% of its value, LUNA, as the supporting force behind it, also suffered a huge impact. This chain reaction not only caught investors off guard, but also shocked the entire cryptocurrency market.

Do Kwon, the founder of Terra, disappeared after the crisis broke out, sparking widespread speculation and attention. However, he was eventually arrested in Montenegro and now faces multiple charges in South Korea. Although he tried to revive the Terra project by launching a new coin, the effort ultimately failed, and LUNA and its successor LUNC are now worth almost nothing in the market.

This incident not only reveals the huge risks inherent in the altcoin market, but also reminds investors once again that they need to be extremely cautious when investing in volatile assets. Although the cryptocurrency market is full of opportunities, there are also huge uncertainties. For investors, rational analysis and prudent decision-making are the key to protecting the safety of their assets.

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